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Growth, Structural Change and Technological Capabilities. Latin America in a Comparative Perspective

Author Info

Listed author(s):
  • Mario Cimoli
  • Marcio Holland
  • Gabriel Porcile
  • Annalisa Primi
  • Sebastiàn Vergara

Abstract

Countries differ in terms of technological capabilities and complexity of production structures. According to that, countries may follow different development strategies: one based on extracting rents from abundant endowments, such as labor or natural resources, and the other focused on creating rents through intangibles, basically innovation and knowledge accumulation. The present article studies international convergence and divergence, linking structural change with trade and growth through a North South Ricardian model. The analysis focuses on the asymmetries between Latin America and mature and catching up economies. Empirical evidence supports that a shift in the composition of the production structure in favor of R&D intensive sectors allows achieving higher rates of growth in the long term and increases the capacity to respond to demand changes. A virtuous export-led growth requires laggard countries to reduce the technological gap with respect to more advanced ones. Hence, abundance of factor endowments requires to be matched with technological capabilities development for countries to converge in the long term.

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Paper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2006/11.

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Date of creation: 07 May 2006
Handle: RePEc:ssa:lemwps:2006/11
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Keywords: Latin America; Structural Change; Technological Capabilities; Growth;

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  1. Nelson, Richard R & Pack, Howard, 1999. "The Asian Miracle and Modern Growth Theory," Economic Journal, Royal Economic Society, vol. 109(457), pages 416-436, July.
  2. Cimoli, Mario & Dosi, Giovanni, 1995. "Technological Paradigms, Patterns of Learning and Development: An Introductory Roadmap," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 243-268, September.
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  7. Archibugi, Daniele & Coco, Alberto, 2004. "A New Indicator of Technological Capabilities for Developed and Developing Countries (ArCo)," World Development, Elsevier, vol. 32(4), pages 629-654, April.
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  11. repec:ecr:col016:2805 is not listed on IDEAS
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  13. Dornbusch, Rudiger & Fischer, Stanley & Samuelson, Paul A, 1977. "Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods," American Economic Review, American Economic Association, vol. 67(5), pages 823-839, December.
  14. Michael Peneder, 2004. "Tracing Empirical Trails of Schumpeterian Development," Papers on Economics and Evolution 2004-09, Philipps University Marburg, Department of Geography.
  15. Dalum, Bent & Laursen, Keld & Verspagen, Bart, 1999. "Does Specialization Matter for Growth?," Industrial and Corporate Change, Oxford University Press, vol. 8(2), pages 267-288, June.
  16. Ciarli, Tommaso & Giuliani, Elisa, 2005. "Inversión extranjera directa y encadenamientos productivos en Costa Rica," Documentos de Proyectos 2805, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  17. Mario, Cimoli, 2005. "Heterogeneidad estructural, asimetrías tecnológicas y crecimiento en América Latina
    [Structural heterogeneity, technological asymmetries and growth in Latin America]    ," MPRA Paper 3832, University Library of Munich, Germany.
  18. Francisco Rodriguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters,in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338 National Bureau of Economic Research, Inc.
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Cited by:

  1. Fabio Montobbio & Valerio Sterzi, 2011. "Inventing together: exploring the nature of international knowledge spillovers in Latin America," Journal of Evolutionary Economics, Springer, vol. 21(1), pages 53-89, February.
  2. Mario Cimoli & Giovanni Dosi & Richard Nelson & Joseph Stiglitz, 2007. "Policies and Institutional Engineering in Developing Economies," Globelics Working Paper Series 2007-04, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
  3. Fabio Montobbio & Valerio Sterzi, 2014. "International patenting and knowledge flows in Latin America," Chapters,in: Intellectual Property for Economic Development, chapter 9, pages 213-239 Edward Elgar Publishing.
  4. Naude, Wim & Nagler, Paula, 2015. "Industrialisation, Innovation, Inclusion," MERIT Working Papers 043, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  5. Kosacoff, Bernardo & López, Andrés & Pedrazzoli, Mara, 2008. "Trade, investment and fragmentation of the global market: is Latin America lagging behind?," Estudios y Perspectivas – Oficina de la CEPAL en Buenos Aires 39, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  6. Jorge E, Mendoza, 2007. "Apertura. Gasto Público Y Convergencia En América Latin: Un Modelo Econometrico Espacial
    [Liberalization, Public Spending And Convergence In Latin America: An Spatial Econometric Model]    ," MPRA Paper 5561, University Library of Munich, Germany.

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